Acordia Inc. announced the formation of Acordia RE. The new global reinsurance intermediary, offering a full spectrum of services to plan, design and implement insurance, reinsurance and risk programs, operates as a subsidiary of Acordia Inc.
The company is headquartered in Princeton, N.J., and anticipates opening offices in San Francisco, and Montana.
Acordia RE serves clients reinsurance needs offering assistance in property casualty, workers’ compensation, financial and alternative forms of reinsurance products and services.
In addition to traditional treaty, specialty program and facultative placements, Acordia RE offers a wide range of advisory and consulting services to aid clients in their risk transfer programs.
“The new division will complement the existing property casualty capabilities within Acordia, while providing greater accessibility to the reinsurance market,” Kevin Conboy, Acordia’s COO, remarked.
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